On forfeiture of shares, which of the following account is credited with the amount of money already received on such shares?

Related MCQs

• Forfeiture of shares results in compulsory termination of ------ due to non payment of allotment/call money.
• When the directors refund the fees already received by them,……. a/c is credited.
• On an equity share of Rs. 20, the company has called up Rs. 16 but Rs.14 has been received by the company, the share capital account should be credited by ……
• Once the share premium account is credited the same, if the premium is not received.
• The excess price received on the par value of shares should be credited to ………….
• When 500 shares of Rs. 10 each on which Rs.3 on final call is not paid, share forfeited account is credited with ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• Capital Redemption Reserve Account and Securities Premium Account can be only for issuing fully paid Bonus Shares and not for making partly paid shares into ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• When company converts its equity shares into capital stock, the account to be credited is …
• The amount of surrendered shares is credited to …
• Pre-acquisition dividend received by Holding company is credited to